The Celtics have a long list of free agents no longer in the league that represent cap holds which would need to be renounced for Boston to get under the cap (Shaquille O’Neal, Michael Finley, Michael Olowokandi, Stephon Marbury, etc.).

The Celtics have $22.7 million in cap holds for players who were not in the league last season, including Shaquille O’Neal, P.J. Brown, Nenad Krstic, Chris Wilcox, Carlos Arroyo, Michael Finley, Scot Pollard, Stephon Marbury, Michael Olowokandi, Dana Barros, Mark Bryant, Roshown McLeod and Grant Long. Renouncing those players to remove the hold is strictly a clerical process.

For notes on some of the rules and an explanation of cap holds, please refer to the following Salary Notes.